C2RO develops privacy-aware AI video analysis software as an enterprise SaaS product, with applications in retail and data analytics. The company reports ongoing deployments at customer sites and the establishment of new strategic partnerships despite COVID-19. It completed a financing round that includes new investors and follow-on participation from existing backers. The new funding is intended to grow the team and accelerate product rollout and strategic partnerships across Europe and North America. C2RO also plans to develop its IP portfolio and strengthen its leadership position in privacy-aware AI video analysis. Named investors in the announcement include Desjardins Capital Markets, Capital Angel Network, Maple Leaf Angels, TandemLaunch Inc., Fonds Innovexport, GCI Capital and several angel investors. C2RO is a Montreal-based provider of enterprise-grade cloud A.I. services. Its core products include C2RO Engage, a real-time cloud-based facial recognition platform introduced in June 2018, and Perceive, an anonymous customer journey analysis and demographic classification system launched in March 2019. The company emphasizes privacy and states its offerings are fully compliant with stringent regulations including the EU's General Data Protection Regulation (GDPR). Led by President & CEO Riccardo Badalone, C2RO secured CAD$2.25M in financing. The company intends to use the funds to accelerate commercialization of its enterprise cloud A.I. services. C2RO Cloud Robotics is a Montreal-based software firm that provides a cloud-based real-time data-processing engine to augment service robots' cognitive capabilities with AI services. Its SaaS platform enables instant knowledge sharing and collaboration among connected robots and sensors while supporting enterprise analytics and business intelligence. The company's initial product offerings, Mobility and Engage, enable advanced human interaction and behavioral analysis for customer-facing robot deployments. C2RO targets service-robot use cases in retail, hospitality and customer service to drive customer experience improvements and operational efficiencies. The firm positions its platform as the world's first Cloud Robotics SaaS Platform (B2B) and emphasizes simple deployment and management of robot fleets. Financially, it closed a US$1.1M seed financing to accelerate commercialization and go-to-market efforts.

Total raised

$3M

Funding rounds

3

Latest round

Equity

Latest activity

Jun 2019